Foreign vs. domestic listing: An entrepreneurial decision

Yuan Ding, Eric Nowak and Hua Zhang

Journal of Business Venturing, 2010, vol. 25, issue 2, 175-191

Abstract: In this paper, we use a unique hand-collected dataset to analyze stock listing as an entrepreneurial decision. By comparing mainland Chinese entrepreneurial firms listed in Hong Kong with the same type of firms opting for a domestic listing on the Shenzhen second board market, we argue that the decision to list on a particular stock exchange is a question of entrepreneurial signaling, and often a trade-off between short-term financial considerations and the entrepreneur's pursuit of long-term benefits.

Keywords: Entrepreneurial; firms; IPO; Foreign; stock; listing; Corporate; governance; China (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbvent:v:25:y:2010:i:2:p:175-191

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